Mint Mumbai - August 24, 2023
Mint Mumbai - August 24, 2023
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August 24, 2023
QIA to invest ₹8,278 crore in RIL's retail arm for 0.99%
Sovereign wealth fund Qatar Investment Authority (QIA) has agreed to invest ₹8,278 crore ($1 billion) into the retail arm of Reliance Industries Ltd (RIL), marking a fresh round of investments into Reliance Retail Ventures Ltd (RRVL) after the country’s largest retailer raised ₹47,265 crore in 2021.
2 mins
In giant leap, India steps on the moon
First nation to soft-land on the tough terrain of lunar south pole
4 mins
'No wrongdoing in any infra project'
Contesting claims of a cost overrun in the construction of the Dwarka Expressway by the Comptroller and Auditor General’s (CAG), Union minister for road transport and highways Nitin Gadkari asserted that the project did not experience any cost overrun or corruption.
2 mins
AMR risk surged after covid, says study
The number of reported antimicrobial resistance (AMR) cases spiked more than 4.5 times from 25,833 in 2017 to 119,686 till December last year, a report by the health ministry showed.
2 mins
India to export rice to Mauritius, Bhutan in an exception for friends
India will supply 14,000 tonnes of non-basmati rice this year to Mauritius and 79,000 tonnes to Bhutan under humanitarian operations, making an exception for two key diplomatic partners.
2 mins
Save water in strategy for development: Shekhawat
Water demand is at 1,100 bn cubic metres a yr and may rise to 1,447 bn cubic metres by 2050
2 mins
'Doubling capacity to 10 GW in 2 years'
Ayana Renewable Power Pvt. Ltd has rapidly expanded its generation capacity in recent years. That has helped the company, majority owned by the Indian government-backed National Investment and Infrastructure Fund (NIIF) and the British International Investment (BII), to grow its revenue substantially and swing to a net profit last fiscal year.
2 mins
LGT India aims $3 bn AUM with hiring push
LGT Wealth India plans to ramp up headcount as it seeks to double the amount of money it manages for clients by helping them cut their reliance on domestic assets.
1 min
'How bank treats NPA interest not for borrower to interpret'
Banks not recognizing any interest income on bad loans by following RBI’s prudential norms does not absolve borrowers from the obligation to show the interest liability on their financial statements, audit regulator National Financial Reporting Authority (NFRA) said in a regulatory order.
1 min
Jio Financial at lower circuit for third day
Sellers made a beeline for the Jio Financial Services Ltd (JFSL) counter, dragging down the stock to the lower circuit for a third straight day. A total of 42.89 lakh shares were traded on the National Stock Exchange while 3.79 lakh shares changed hands on the BSE.
1 min
Muthoot digital platform plans insurance, loans in six months
Muthoot Fincorp Ltd (MFL), flagship company of Muthoot Pappachan Group, on Wednesday said its new digital financial pla-tform Muthoot Fincorp One will introduce insurance, personal loans, two-wheeler, and housing loans in six months.
1 min
Operational creditors begin to take backseat
Creditors tended to use IBC as a payment-recovery tool. That is changing
2 mins
Fewer new aircraft lift mid-life plane demand
Carriers are choosing to pay higher fees to extend leases for such aircraft
2 mins
Spicejet challenges HC's arbitral order
Spicejet and its promoter Ajay Singh on Wednesday approached the Delhi High Court challenging a single-judge order upholding an arbitral award asking them to refund 579 crore plus interest to media baron Kalanithi Maran.
2 mins
Samsung sees its best qtr for smartphones
Co expects better show in H2, led by foldable smartphones' success
2 mins
Cinemas in the South seek flexibility in ticket pricing to boost growth
Tamil Nadu Film Exhibitor’s Association has urged the state government to reconsider ticket pricing, highlighting the struggle of cinemas to expand operations. In fact, multiplex chains and theatre owners acknowledge that while the South is a promising hub for the movie industry, rising expenses and capped ticket prices are making it increasingly difficult for them to operate.
2 mins
'Everything you do will be replicated by a computer'
Marc Carrel-Billiard, who recently visited India, serves as a senior managing director at Accenture. He heads Accenture Technology Innovation, the R&D Labs, Accenture Strategic Growth Initiatives, Accenture Studios and Accenture Ventures. In his 25-year tenure at the company, he has pioneered technology, particularly in voice recognition, knowledge-based systems, and neural networks.
3 mins
Euro zone economic downturn worsens
Services activity declines in Aug, contraction in manufacturing continues
2 mins
How Russia keeps its fleet of Western jets in the air despite sanctions
A Ural Airlines Airbus landed in the Russian city of Yekaterinburg on 14 November last year. Then it remained grounded on the tarmac.
3 mins
Meta breaks privacy rules, Norway regulator tells court
Meta Platforms is breaking European data privacy rules in Norway, the country's data regulator told a court on Wednesday, in a case that could have wider European implications.
1 min
German cabinet approves changes to citizenship rules
Chancellor Olaf Scholz's cabinet approved a draft law overhauling the nation's citizenship rules that would allow people to hold multiple passports and is designed to facilitate the integration of foreigners into Europe's biggest economy.
1 min
HOW MICROSOFT REVIVED ITS DEAL TO BUY ACTIVISION
The software giant outmanoeuvred regulators to shift its fortunes in the $69 billion deal to buy Activision Blizzard
8 mins
Will TDS apply despite capital loss from sale of property?
In the absence of this certificate, the buyer would deduct tax at source on the gross sale consideration even when there is a capital loss.
2 mins
A scientific temper gave India its Moon triumph
Our lunar touchdown was achieved at low cost with utmost energy efficiency, thanks to Isro's use of gravity and sunlight. This is a triumph of science. Of grey cells over fuel cells
2 mins
Data in disguise: Interpretation requires a discerning approach
Three upcoming data points need to be interpreted very carefully for a correct reading of the current state of India's economy
4 mins
Parag Tandel, the artist-archivist from Koliwada
In his latest show, artist Parag Tandel sculpts personal narratives of the Koli community, which is fast losing out on its ancient ways
4 mins
Mint Mumbai Newspaper Description:
Yayıncı: HT Digital Streams Ltd.
kategori: Newspaper
Dil: English
Sıklık: Daily
The business newspaper “Mint” published by one of the leading media houses of India, Hindustan Times, in association with Wall Street Journal. It aims to connect India to the world and the world to India in terms of business, economy, regulation and policies...
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